VOL. 40 | NO. 26 | Friday, June 24, 2016
REAL ESTATE
Top residential real estate sales, May 2016, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
Top commercial real estate sales, May 2016, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week but remain at levels low enough to boost home sales in the spring buying season.
DAVID CLIMER: OUT OF LEFT FIELD
When the Titans broke the huddle for the first snap of the day during a recent mini-camp session, Tajae Sharpe lined up at wide receiver with the first-team offense.
NEWSMAKERS
James H. “Jay” Nixon III, W. Travis Parham and Amanda K. Jester have been elected to the board of directors of Waller Lansden Dortch & Davis, LLP, while Mark Peters (labor and employment) and David R. Clay and MaryEllen S. Pickrell (corporate) have been named practice leaders at the firm.
BEHIND THE WHEEL
Lincoln has rolled out a more luxurious and powerful MKX for 2016, giving the midsize SUV features such as massaging front seats that rival any luxury vehicle’s and an optional EcoBoost turbo V-6 engine that generates 335 horsepower.
BUSINESS BOOK REVIEW
One of the worst things that can happen to any employee is to find out they aren’t being treated the same as their co-workers.
GUERRILLA MARKETING
The study of content popularity dates back to 350 B.C. and Aristotle, who was curious about what makes for a persuasive, memorable speech that would ensure his message was passed from person to person.
CAREER CORNER
You have a job. It’s fine. Really, it’s nothing earth-shattering. You show up, do the work, get paid, go home and do it again the next time.
I SWEAR
… that cowboy by her side was only five foot three
KAY'S COOKING CORNER
I visit Starbucks probably more than I should. However, I have loved coffee for as far back as I can remember.
STATEWIDE
NASHVILLE (AP) — The state Transportation Department is shutting down road construction projects for the busy Fourth of July holiday weekend.
REAL ESTATE
WASHINGTON (AP) — Long-term U.S. mortgage rates slid to new lows for the year this week amid market upheaval stoked by Britain's vote to leave the European Union. Rates are at three-year lows at the height of the spring home buying season.
NATIONAL/INTERNATIONAL BUSINESS
WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but the level of jobless claims remains low enough to suggest that most workers enjoy job security.
U.S. stock indexes drifted between small gains and losses in early trading Thursday as investors weighed the latest batch of company earnings news. The market was coming off a two-day rally as investors' anxiety about Britain's vote last week to leave the European Union eased. Consumer and industrial companies were among the biggest risers.
LONDON (AP) — Britain's main stock market is back above where it was before the vote to leave the European Union plunged the country into turmoil. That doesn't mean all is back to normal for the economy, however.
NEW YORK (AP) — Amazon is renewing its "Prime Day" July sales gimmick as Wal-Mart also tries to go after online shoppers.
WEDNESDAY, JUNE 29
SPORTS
The Nashville Predators pulled off a blockbuster before the start of free agency Wednesday by acquiring P.K. Subban from the Montreal Canadiens in exchange for Shea Weber, a swap of All-Star defensemen.
STATEWIDE
NASHVILLE (AP) - Wine will be available in Tennessee supermarkets, professors will be allowed to carry guns on public college campuses, and drivers will be subject to stricter penalties for texting on the road, under new laws taking effect Friday.
NASHVILLE AREA
NASHVILLE (AP) - A new lot has been opened at Nashville International Airport for drivers who are waiting for travelers to arrive.
MUSIC INDUSTRY
NASHVILLE (AP) — Scotty Moore, the pioneering rock guitarist whose sharp, graceful style helped Elvis Presley shape his revolutionary sound and inspired a generation of musicians that included Keith Richards, Jimmy Page and Bruce Springsteen, died Tuesday. He was 84.
HEALTH CARE
Hunting for the right health insurance plan outside the workplace used to involve a much lower risk of losing hair — from tearing it out in frustration.
AUTO INDUSTRY
BERLIN (AP) — Volkswagen's main shareholder, Porsche SE, says it made a loss after tax of 273 million euros ($302.3 million) last year due to the emissions cheating scandal affecting VW's diesel cars.
TECHNOLOGY
NEW YORK (AP) — Facebook has once again tweaked the formula it uses to decide what people will see in their news feed — and this time, it's personal.
NEW YORK (AP) — Amazon is back in the phone business — sort of. After its own Fire phone flopped, Amazon is selling special editions of other manufacturers' phones at a $50 discount.
SAN FRANCISCO (AP) — Microsoft has a birthday present for Windows 10 users: more capabilities for its Cortana digital assistant and new ways to ditch passwords.
NATIONAL/INTERNATIONAL BUSINESS
WASHINGTON (AP) — Americans went shopping this spring, increasing their spending in May for the second straight month and delivering good news for economic growth.
Banks and other financial companies led another broad surge in U.S. stocks Wednesday, turning the Dow Jones industrial average and the Standard & Poor's 500 index slightly positive for the year.
NEW YORK (AP) — GE Capital is no longer "too big to fail."
NEW YORK (AP) — Wal-Mart is trying to get a jump on Amazon's second annual sales bonanza.
NEW YORK (AP) — Kellogg is opening a cafe in New York as it pushes to reinvent cereal's soggy image.
NATIONAL POLITICS
WASHINGTON (AP) — Congress edged closer to delivering relief to debt-stricken Puerto Rico as the Senate on Wednesday cleared the way for passage of a last-minute financial rescue package for the territory of 3.5 million Americans.
TUESDAY, JUNE 28
SPORTS
We know about all the national championships, all the victories and even the exceptional graduation rate.
KNOXVILLE - Pat Summitt, the winningest coach in Division I college basketball history who uplifted the women's game from obscurity to national prominence during her 38-year career at Tennessee, died Tuesday morning. She was 64.
KNOXVILLE, Tenn. (AP) — Peyton Manning is remembering his friend Pat Summitt. He says she "was always very supportive of my career and I enjoyed seeing her back at a Tennessee football game or when she would come to Indianapolis to see Tamika Catchings play."
Needing yet another men's basketball coach, Tennessee officials turned to the one person they thought would be perfect to take over the Volunteers program.
KNOXVILLE (AP) — Pat Summitt's rich legacy in women's basketball can be seen on the sidelines and in front offices throughout the college and professional ranks. At the time Summitt ended her illustrious, 38-season coaching career at Tennessee in 2012, 78 people who were mentored by her were coaching basketball or working in administrative positions associated with the game. Four years later, Summitt's coaching tree remains fruitful.
The year-by-year record of former Tennessee women's basketball coach Pat Summitt:
NASHVILLE AREA
NASHVILLE (AP) — U.S. Education Secretary John B. King Jr. is scheduled to speak at a conference of charter schools in Nashville.
AUTO INDUSTRY
NASHVILLE (AP) - Tennessee is in line to receive a $12.6 million share of Volkswagen's settlement with the states over deceptive trade practices in the sale of diesel vehicles designed to cheat emissions testing standards, the state attorney general's office announced Tuesday.
WASHINGTON (AP) — Volkswagen will spend up to $15.3 billion to settle consumer lawsuits and government allegations that it cheated on emissions tests in what lawyers are calling the largest auto-related class-action settlement in U.S. history.
DETROIT (AP) — Volkswagen owners can finally dump their cheatin' cars, if they want to.
TECHNOLOGY
SAN FRANCISCO (AP) — Google is trying to make it easier for you to manage the vast pool of information that it collects about your online activities across phones, computers and other devices.
NATIONAL/INTERNATIONAL BUSINESS
WASHINGTON (AP) — The U.S. economy grew slightly faster at the start of the year than previously estimated, even though consumer spending posted the smallest gain in two years.
U.S. stock indexes mounted a broad comeback Tuesday as investors set aside their anxiety over Britain's vote to leave the European Union and snapped up shares following a two-day rout.
BRUSSELS (AP) — British Prime Minister David Cameron fended off anger Tuesday from other European Union leaders at an unprecedented summit charged with uncertainty about the bloc's future without Britain. As leader after leader rejected Cameron's pleas for favorable conditions for Britain once it leaves, he frustrated them by refusing to initiate the divorce proceedings immediately.
LONDON (AP) — As continental powers pressure a nervous Britain to formally apply to exit the European Union, die-hard "remain" supporters are taking on the mission to put the brakes on the so-called Brexit.
WASHINGTON (AP) — U.S. home prices scaled new heights in April, with seven cities — including Boston, Charlotte, Portland, Oregon, San Francisco and Seattle— setting record highs.
WASHINGTON (AP) — Ikea is recalling 29 million chests and dressers that can easily tip over and trap children underneath. Six children have been killed and three dozen others injured, and federal safety officials on Tuesday urged consumers to take immediate action.
MONDAY, JUNE 27
STATEWIDE
NASHVILLE (AP) - The Tennessee Board of Regents has hired longtime Statehouse reporter Richard Locker as the higher education system's spokesman.
COURTS
NASHVILLE (AP) - The U.S. Supreme Court's ruling on Texas abortion restrictions could affect the outcome of a federal court challenge to two Tennessee laws.
WASHINGTON (AP) — The Supreme Court on Monday upheld the broad reach of a federal law that bars people convicted of domestic violence from owning guns.
WASHINGTON (AP) — The Supreme Court struck down Texas' widely replicated regulation of abortion clinics Monday in the court's biggest abortion case in nearly a quarter century.
WASHINGTON (AP) — The Supreme Court has rejected a challenge to Obama administration regulations that extend minimum wage and overtime pay rights to nearly 2 million home health care workers.
WASHINGTON (AP) — The Supreme Court won't hear an appeal challenging a Montana law that limits medical marijuana providers to selling the drug to a maximum of three patients each.
NATIONAL/INTERNATIONAL BUSINESS
U.S. stock indexes were solidly higher in early trading Tuesday as investors welcomed encouraging data on the economy and housing. The rebound followed even bigger gains in Europe as global markets recovered from a two-day rout triggered by Britain's vote to leave the European Union.
WASHINGTON (AP) — U.S. Treasury Secretary Jacob Lew says that the decision of British voters to leave the European Union is "an additional headwind" for the U.S. and global economies but "there is no sense of a financial crisis developing."
LONDON (AP) — Prime Minister David Cameron insisted Monday that Britain's shock vote to leave the European Union won't send the economy into a tailspin, even as Standard & Poor's stripped the U.K. of its top credit rating.
NEW YORK (AP) — It's going to be a busy holiday weekend on the nation's highways.
PANAMA CITY (AP) — Fireworks exploded as a huge container ship made the inaugural passage through the newly expanded Panama Canal on Sunday, formally launching the Central American nation's multibillion-dollar bet on a bright economic future despite tough times for global shipping.
NATIONAL POLITICS
WASHINGTON (AP) — A new Washington study says Donald Trump's tax and budget plans would make the national debt skyrocket by $10 trillion or more over the coming decade, mostly because of his ambitious and expensive tax cuts.
FRIDAY, JUNE 24
MUSIC INDUSTRY
NASHVILLE (AP) — Ralph Stanley, a patriarch of Appalachian music who with his brother Carter helped expand and popularize the genre that became known as bluegrass, has died. He was 89.
LOS ANGELES (AP) — Led Zeppelin did not steal a riff from an obscure 1960s instrumental tune to use for the introduction of its classic rock anthem "Stairway to Heaven," a federal court jury decided Thursday.
STATEWIDE
NASHVILLE (AP) — Labor statistics released by the state show that Davidson County continues to have the lowest unemployment rate of any major metropolitan area in Tennessee.
COURTS
WASHINGTON (AP) — A tie vote by the Supreme Court is blocking President Barack Obama's immigration plan that sought to shield millions living in the U.S. illegally from deportation.
WASHINGTON (AP) — In a major victory for affirmative action, a divided Supreme Court on Thursday upheld the University of Texas admissions program that takes account of race.
WASHINGTON (AP) — The Supreme Court on Thursday placed new limits on state laws that make it a crime for motorists suspected of drunken driving to refuse alcohol tests.
AUTO INDUSTRY
DETROIT (AP) — Volkswagen has agreed to take a series of steps with a total cost of about $10.2 billion to settle claims from its unprecedented diesel emissions cheating scandal in the U.S., two people briefed on the matter said Thursday.
NATIONAL/INTERNATIONAL BUSINESS
NEW YORK (AP) — Stocks plunged in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the safety of gold and U.S. government bonds as they wondered what will come next for Britain, Europe and the global economy.
WASHINGTON (AP) — President Barack Obama tried to reassure Britons Friday that the special relationship between Washington and London would withstand an impending and likely messy divorce from Europe, as his administration scrambled to assess the fallout.
LONDON (AP) — Britain voted to leave the European Union after a bitterly divisive referendum campaign, toppling the prime minister Friday, sending global markets plunging and shattering the stability of a project in continental unity designed half a century ago to prevent World War III.
"Damn! A bad day for Europe." — Sigmar Gabriel, Germany's vice chancellor and economy minister, on Twitter.
HONG KONG (AP) — The pound slumped to its lowest in more than three decades on Friday as results on Britain's referendum on European Union membership showed that the "leave" side had won.
WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods dropped in May, reversing two months of gains and delivering more bad news for American manufacturers.
NEW YORK (AP) — Macy's CEO Terry Lundgren, who spearheaded a landmark acquisition that created a powerhouse national department store chain, will step down early next year, the company announced Thursday as it struggles to reinvent itself amid online competition and changing consumer habits.